Investor and Analyst Day Presentation
The New Cott -
Leverage Profile
-
Cott
Upon selling our traditional beverage manufacturing business, the proceeds were utilized to
redeem outstanding debt obligations resulting in the New Cott having a leverage profile of
approximately 3.6 times net debt to adjusted 2017 EBITDA
(in millions)
10% senior notes due in 2021*
5.375% senior notes due 2022
5.5% senior notes due in 2024
12/30/2017
$250
1/31/2018**
$0
525
0
1
1
540
540
5.5% senior notes due in 2025
750
750
ABL Facility
220
0
Other
9
0
Total Debt
$2,294
$1,290
Cash Balance
$92
$225
2
Adjusted EBITDA Fiscal Year 2017
$296
Source: Cott Management.
Net Debt to Adjusted EBITDA
3.6
2
1 Utilizing exchange rate of 1.2 Euros
Does not include cash tax payment which will occur in 2018 as a part of gain on sale of the traditional business
*Excludes noncash unamortized premium
**Management estimates subsequent to the sale of the traditional beverage manufacturing business
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